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在线翻译:
szdaily -> Business -> 
Steel output levels off but export orders rebound: PMI
    2018-09-03  08:53    Shenzhen Daily

GROWTH in China’s booming steel industry slowed in August, with output leveling off despite a sharp rebound in export orders, industry data showed Friday.

China’s steel purchasing managers’ index, or PMI, fell to 53.4 in August from 54.8 in July, according to index compiler CFLP Steel Logistics Professional Committee.

A reading on new steel export orders suggested a solid bounce after a contraction in July. The sub-index rose to 53.2 from 43.3 the previous month.

But mills reported no increase in output levels, and appeared to be drawing on inventories to meet the upsurge in demand.

The output sub-index was neutral at 50.0, down from 56.7 in July.

Growth in China’s manufacturing sector as a whole unexpectedly picked up in August after a two-month slide, an official survey showed, offering some cushion for the slowing economy as the United States rapidly ratchets up tariffs on Chinese goods.

The respite may prove brief, however. Export orders shrank for a third straight month, suggesting a flurry of punitive U.S. trade measures are starting to bite even as Washington prepares more sweeping measures that it could trigger next month.(SD-Agencies)

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